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Absolute Insurance Euro-Policy ISK

Company

Content

Financial results
2017 year
Revenue: No data
Net Profit: 222000 Ths. rub

Assets

Owners

+ Absolute Insurance (Euro-Policy ISK)
+ Nowfinteh
+ Russian Railways (RR)

The federal-level universal insurance company Absolute Insurance (ISK Euro-Policy) was established in 1992 and is a universal insurer.   The company is included in the following associations: All-Russian Union of Insurers, Russian Union of Auto Insurers, National Union of Liability Insurers, Russian Union of Tourism Industry, Union of Marine Insurers, Russian Union of Travel Industry, Russian Association of Franchising, Russian Anti-Terrorist Insurance Pool, Federation of Restaurateurs and Hoteliers.

Absolut Insurance has divisions in 15 regions of the Russian Federation: in Moscow and the Moscow Region, St. Petersburg, Irkutsk Region, Novosibirsk Region, Nizhny Novgorod Region, Rostov Region, Samara Region, Sverdlovsk Region, Kamchatka Territory, Krasnodar Territory, Novorossiysk, Perm Territory, Primorsky Territory, Kemerovo Region, Chelyabinsk Region.

History

2018: Creating a model of streaming lease insurance in conjunction with Transbaza

SK Absolut Insurance and TRANSBAZA offered the market an innovative model of streaming insurance of rental transactions. This was announced by Transbaza on June 6, 2022. Read more here.

2018

The company's assets are 6.7 billion rubles, the authorized capital is 1.02 billion rubles. At the end of 2018, fees amounted to 4.2 billion rubles, which is 30% more than last year.

In 2019, the Expert RA agency extended the company's ruA + rating (which corresponds to the A + (I) "Very High Level of Reliability" rating on the old agency scale). Absolut Insurance LLC has a developed branch network and has representative offices in 19 economically developed regions of the Russian Federation.

2017

The authorized capital is 1.022 billion rubles. The company's assets are 5.4 billion rubles. Reinsurance protection is provided by bond and optional agreements placed among international companies with ratings not lower than A- on the S&P scale, with liability limits on the insured event, including: for property insurance and construction and installation risks up to 3 billion rubles, for cargo and water insurance transport up to 3 billion rubles, for accident insurance up to 60 million rubles, for motor vehicle insurance up to 10 million rubles. The contract leaders are international reinsurers Hannover Rückversicherung AG (AA-) and General Reinsurance AG (AA +).

Logo of Absolute Insurance LLC

At the end of 2017, the company's total fees were 3.3 billion rubles, an increase of 7% (compared to the previous period). At the same time, a balanced portfolio was preserved, growth was demonstrated in key segments for the company. Net profit amounted to 222 million rubles.

2016

In 2016, the company confirmed the A + rating "Very high level of reliability" from the agency RAEX ("Expert RA"), "the forecast for the rating" Stable. " The rating sublevel was raised to the first. Absolut Insurance LLC has a developed branch network and has representative offices in 14 regions of the Russian Federation.

2015

The company's assets - 2.9 billion rubles, own funds - more than 1 billion rubles, authorized capital - 966.5 million rubles. At the end of 2015, fees exceeded 2.5 billion rubles, which is 13% more than in 2014. Profit under IFRS increased by 83% compared to 2014.

The company has an international certificate of compliance of quality management systems with the ISO 9001-2015 standard .